2-Year SGS Bond NX09100W (26 Jan 2017) Cut-Off Yield 1.36%

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26 Jan 2017

This issue offers investors a cut-off yield of 1.36% p.a., higher than that (0.88% p.a.) of the previous issue, NY03100A (29 Aug 2016).

The total value of applications in this auction was $5.7B, representing a bid-to-cover ratio of 2.50. This is higher than the $5.0B (bid-to-cover ratio 2.29) received in the previous issue.

Those who submitted non-competitive bids were fully allotted. On the other hand, those who submitted competitive bid at 1.36% get around 95.95% of the amount applied.

Auction Closed

Announcement Date
19 Jan 2017 Notify me
Auction Date
26 Jan 2017 Notify me
Issue Date
01 Feb 2017
Maturity Date
01 Jun 2019
Issue Code
NX09100W (Reopened)
Issue No
5
ISIN Code
SG7S29941612
Coupon Rate
2.500% p.a.
Coupon Payment Dates
01 Dec and 01 Jun
Cut-Off Yield
1.36% p.a.
Cut-Off Price
103.031
Median Yield
1.30% p.a.
Median Price
103.170
Average Yield
1.30% p.a.
Average Price
103.170
Total Amount Offered
$2,300,000,000
MAS's Intended Tender Amount
$200,000,000
Accrued Interest Payable by Investor
62 Day(s)
Amount Allotted to Non-Competitive Applications
$256,560,000
Amount Allotted to MAS
$200,000,000
Total Amount Applied
$5,742,007,000
% of Competitive Applications at Cut-off Allotted
95.95%
% of Non-Competitive Applications Allotted
100.00%
Bid-to-Cover Ratio
2.50

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